Visa Europe is consolidating a number of contracts and migrating its transaction network onto BT’s 21CN Global network.
Under a five-year managed services contract Visa Europe will move BT’s Internet Protocol based network, which it says, promises its 4,600 member banks in 36 countries “a superior level of service through increased support, improved business continuity and enhanced network security.”
Steve Chambers, CIO of Visa Europe, said: “Visa Europe processed transactions worth €1.3 trillion during 2007 so scalability and resilience go hand- in- hand for us. BT has given us the reliability, security and flexibility to successfully service our member banks and their customers going forward.”
Visa Europe handled more than six billion transactions in 2007. It provides cross-border inter-bank switching and is the primary domestic processor in 16 European markets.